Gladstone Investment has acquired Educators Resource in partnership with the company’s senior management team. Gladstone provided both equity and senior debt to complete the transaction.
Educators Resource is a wholesale distributor of school supplies and K-12 supplemental teaching materials to e-retailers and brick-and-mortar stores nationwide. The company carries more than 25,000 SKUs for physical education, arts & crafts, curriculum and teacher resources, toys & games, furniture & equipment, school supplies, books & music, and classroom decorations.
Educators Resource is headquartered in Mobile, AL (www.educatorsresource.com).
“Educators Resource is a leader in e-commerce fulfillment, providing a value-added, turnkey solution to resellers of supplemental teaching materials. We are excited to partner with the talented team at Educators Resource and look forward to helping the company as it enters its next phase of growth,” said Peter Roushdy, a managing director at Gladstone.
Gladstone Investment (NASDAQ: GAIN) is a publicly-traded business development company that makes debt and equity investments in US-based small to middle-market businesses. The firm generally invests from $5 million to $30 million of debt and equity in companies that have from $3 million to $20 million in EBITDA. Gladstone Investment is based in McLean, VA (www.gladstoneinvestment.com).
© 2018 Private Equity Professional | December 17, 2018